Question
What monthly payment is required to pay off a $61,000 loan in eight years if the interest rate on the loan is 9.0% compounded: (Do
What monthly payment is required to pay off a $61,000 loan in eight years if the interest rate on the loan is 9.0% compounded: (Do not round intermediate calculations and round your final answers to 2 decimal places.)
| Required payment | |||
| a. | Annually | $ | |
| b. | Semiannually | $ | |
| c. | Quarterly | $ | |
| d. | Monthly | $ | |
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Warren Buffetts Ground Rules Words Of Wisdom From The Partnership Letters Of The Worlds Greatest Investor
Authors: Jeremy C. Miller
1st Edition
0062415565,0062415573
